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A company has the following balances on December 31, 2024, before any year-end adjustments: Accounts Receivable $83,000; Allowance for Uncollectible Accounts = $2,000 (credit). The
A company has the following balances on December 31, 2024, before any year-end adjustments: Accounts Receivable $83,000; Allowance for Uncollectible Accounts = $2,000 (credit). The company estimates uncollectible accounts based on an aging of accounts receivable as shown below: Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Required: Amount Receivable $ 42,000 Estimated Percent Uncollectible. 21,000 200 12,000 8,000 $83,000 40% 858 Record the adjustment for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjustment for uncollectible accounts.. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit
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